Write a submission to your chief executive officer of your organisation describing a strategy to review and improve your organisation's assets, their management, and the standard of service which they provide, to achieve the board's goals.You will need to select the organisation, type of assets and asset network you are managing.While a real organisation is preferred, you may write your answer for a hypothetical organisation. You should indicate whether the organisation about which you are writing is real or hypothetical.Your submission should be between 3000 and 4000 words in length and will have, in addition to the body of the report, an abstract, table of contents, background, introduction, conclusion and list of references. Background information should be as brief as possible and include a brief description of your organisation, its asset network, services provided by that asset network, and current state of the network.At a minimum, your report should address the following specific points (240 marks):Background information about the asset network and the assets in it (this should be sufficient to set the scene for the reader) (20 marks)The asset life cycle (20 marks)Stakeholder expectations (20 marks)The outcomes you want to achieve at the end of the five and ten year periods (15 marks)Performance and serviceability requirements and indicators (15 marks)Development of a reliable asset inventory (15 marks)Deterioration and condition monitoring (15 marks)How to achieve optimum performance from the asset network (15 marks)Current and future technologies (15 marks)Development of a corporate asset management plan (15 marks)Use of appropriate asset management systems (15 marks) Likely benefits and costs (20 marks)Conclusion (20 marks)Recommendations (20 marks).